Pvt cos may get nod to develop airports

In an attempt to attract private investment and to overcome problems of land acquisition, the Centre may allow private companies to develop airports with no equity participation from the government.

The civil aviation ministry has suggested that private entrepreneurs, who possess the required amount of land, be allowed to build greenfield airports in the country. Asking the finance ministry and the Planning Commission to ‘revisit’ the policy on airports, civil aviation minister Praful Patel said land acquisition for special economic zones was facing major hurdles at present.